CFPB

What's up

[ March 6, 2026 ] Credit union assets close 2025 at $2.43 trillion, loans at $1.72 trillion; net interest margin up NCUA
[ March 5, 2026 ] Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify FDIC
[ March 5, 2026 ] Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’ The Fed
[ March 5, 2026 ] 5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports FDIC
[ March 4, 2026 ] Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’ The Fed

Bureau events seek to prep industry for upcoming rule on small-biz data reporting

August 8, 2022 0

Two events – one virtual, the later one in person – are slated for August and September to begin a discussion with financial institutions and their providers on implementation of an upcoming small-business lending data […]

Joint letter serves to remind – and warn – auto finance companies of special protections extended to servicemembers

July 29, 2022 0

Military servicemembers have additional rights to protect them and their families against unique financial challenges, auto finance companies were reminded, and warned, in a letter issued Friday by the federal consumer financial protection agency and […]

$35.5 million fine assessed against one of nation’s biggest banks for exploiting customers’ data to open sham accounts

July 28, 2022 0

A $37.5 million fine for allegedly illegally exploiting customers’ personal data to open sham accounts for unsuspecting customers was announced Thursday against the fifth-largest U.S. bank by the federal consumer financial protection agency. The Consumer […]

Firms’ reduction in medical debt reporting will leave nearly half of consumers with such debt still affected, CFPB says

July 27, 2022 0

Consumer credit reporting companies’ changes to medical debt collection reporting, announced in March, will remove some but not all medical debt collections and will leave nearly half of consumers still seeing such collections on their […]

Hyundai finance arm slapped with $19 million fine for providing inaccurate info to credit reporting companies

July 26, 2022 0

A fine of $19 million has been ordered against a Korean auto manufacturer-owned finance company for “repeatedly providing inaccurate information to nationwide credit reporting companies” and failing to address the bad information once it was […]

CFPB extends customer service RFI comment period to Aug. 22

July 19, 2022 0

A thirty-day extension to the comment period for the federal consumer financial protection agency’s request for information (RFI) focusing on how banks and credit unions with more than $10 billion in assets respond to consumer […]

Request for Information Regarding Relationship Banking and Customer Service

July 19, 2022 0

Title: Request for Information Regarding Relationship Banking and Customer Service Subject: Responses to customer inquiries Agency: CFPB Status: Request for information Summary: The Consumer Financial Protection Bureau (Bureau or CFPB) is seeking comments from the […]

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Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify

March 5, 2026 0

An eligible tokenized security should generally receive the same capital treatment as the non-tokenized form of the security under the capital rule under answers to frequently asked questions (FAQs) issued by the federal banking regulators Thursday. The agency said the [...]
Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

March 5, 2026 0

Wells Fargo is relieved of the remainder of a 2018 enforcement order from the Federal Reserve that, among other things, limited the bank’s growth and mandated removal of some of its board members, the agency said Thursday. In a release, [...]
5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

March 5, 2026 0

The 59 banks that received their evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in December included five that were rated “outstanding” and two “needs to improve,” according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). [...]
Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’

March 4, 2026 0

While economic activity increased slightly in seven of 12 Federal Reserve Districts in the last month, it fell or was flat in the remaining five – up from four in the previous reporting period, the agency said Wednesday. In its [...]

Bureau events seek to prep industry for upcoming rule on small-biz data reporting

Joint letter serves to remind – and warn – auto finance companies of special protections extended to servicemembers

$35.5 million fine assessed against one of nation’s biggest banks for exploiting customers’ data to open sham accounts

Firms’ reduction in medical debt reporting will leave nearly half of consumers with such debt still affected, CFPB says

Hyundai finance arm slapped with $19 million fine for providing inaccurate info to credit reporting companies

CFPB extends customer service RFI comment period to Aug. 22

Request for Information Regarding Relationship Banking and Customer Service

Bureau extends comment period on credit card late fees to Aug. 1

Fines of $225 million assessed against BofA for botching disbursement of pandemic-era unemployment benefits

Firm faces suit for concealing repayment plans from borrowers, pocketing $240 million in fees

Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify

Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’